Mercantilism Essay

African slaves were shipped to the West Indies and America as part of the Triangular Trade. Many slaves died on the voyage due to the ghastly conditions that accompanied the Middle Passage and others committed suicide. Portugal held a near monopoly on the export of African slaves for a period of about 200 years from the early 14-1600s. The peak years of the slave trade were during the 16th and 17th century, but Africans were forced across the Atlantic for an astonishing timeframe of around 400 years.

The purpose of mercantilism was to increase power, wealth and self sufficiency for the mother countries. England, Spain and france would often compete with each other to gain colonies in regions such as North America, South America, Asia, and Africa. Raw materials such as lumber, wool, iron, cotton, tobacco, rice, and indigo were what England needed to be able to create manufactured goods. However, mercantilism in the American colonies were more dependent on the manufactured products of England. The Navigation Acts that were a series of laws were enforced by England so that they could make the American colonies more dependent on the manufactured goods of England.The American colonists were expected to buy manufactured goods like cloth, furniture,knives,

The slaves were needed for more tabacco production and the whites were eager for jobs.The colonist then turned to african slavery because it was cheaper for the owner of the slave and the slaves were not going to be paid.

In colonies, such as the ones in Chesapeake Bay, their entire economy was based on the production of cash crops. The plantations had a huge quota for cheap labor. As their own southern labor supply was scarce, the plantation owners often used black servants to get cheap labor. As the economy grew, so did the slave trade, and by the late 17th century, the supply of African laborers in North America was plentiful and extensive. Another way that economics had a huge impact on the development of slavery is through the Atlantic slave trade. The first slaves arrived before 1620, but until the mid-1690s there were a small group. This was because of the monopoly that the Royal African Company of England had, which allowed them to keep the prices high and the supplies low. However, when the monopoly was broken, prices fell and the amount of slaves arriving in North America grew exponentially. The need for labor to sustain their plantation-centric economy led to the origin of slavery, and the prices and monopoly of African slaves helped develop slavery into the basis of the southern work

Colonists took benefits from the mercantile system, large sums for ship builders, colonial protection by British army

The slave trade in the North American colonies began to grow in the 1600s. The African slave trade sourced their slaves from many different West African villages and countries. The business of slavery was a growing and profitable field, not only for the slavers, but also for the slaveholders. With the decrease of indentured servants, settlers in the English colonies looked for a new source of labor to satisfy their growing labor demands. The next source was Africa. “By the 1690s slaves outnumbered indentured servants four to one” (45). Europeans largely disregarded the ethical dilemma posed by slavery due to the European view of Africans and their culture as uncivilized, foreign, and heathen (44). The largest forced migration in history (44)

Everyone has their own understanding of what slavery is, but there are misconceptions about the history of “slavery”. Not many people understand how the slave trade initially began. Originally Africa had “slaves” but they were servants or serfs, sometimes these people could be part of the master’s family. They could own land, rise to positions of power, and even purchase their freedom. This changed when white captains came to Africa and offered weapons, rum, and manufactured goods for people. African kings and merchants gave away the criminals, debtors, and prisoner from rival tribes. The demand for cheap labor was increasing, this resulted in the forced migration of over ten million slaves. The Atlantic Slave Trade occurred from 1500 to 1880 CE. This large-scale event changed the economy and histories of many places. The Atlantic Slave Trade held a great amount of significance in the development of America. Africans shaped America by building a solid foundation for the country.

Mercantilism is an economic theory where a nation's strength comes from building up gold supplies and expanding its trade. Britain formed the American colonies so that they could increase their gold stores. They wanted raw supplies to make into products to sell and make money. They wanted America to pay taxes so that Britain could make money. America used the theory in that they thought they ought to, in order to be strong expand their trade beyond Britain. Countries like Belgium, and France wanted to also increase their trade, and expand it to trading with America. They also wanted to increase their gold stores by trading with America. Britain however did not want America to trade with France and Belgium and the Netherlands because they

Africans were brought to the Americas through the Transatlantic Slave Trade to make up for the labor shortage created after the Native Americans died (doc 1). Most slaves became workers on plantations which allowed the New World to produce raw materials which would later be traded with Europe (doc 1). However, the increase of raw materials, such as sugarcane, resulted in the New World becoming a part of an international trade (doc 2). This allowed them to gain access to raw materials, such as Indigo rice tobacco coffee cocoa and cotton (doc 2). So even though slaves were forcibly brought to the Americas, the increase in slave labor resulted in an overall increase of trade between Europe and the

African people began to attack opposing tribes and taking captives, and then would sell the captives to the Europeans to use for slaves. They would be placed on slave ships, where they would be packed in, forced to sit with sicknesses, death and whippings. “I feared I should be put to death, the white people looked and acted, as I thought, in so savage a manner; I had never seen among any people such instances of cruelty”(Equaino, Document D) The slaves were whipped on ships and treated like animals. The statement above was a quote from a previous slave. When slavery was brought to the New World, places with large agricultural based economies had many slaves. Sugarcane slaves were slaves that worked in the fields, planting, taking care of, picking and processing sugar cane. Life expectancy for these slaves was five years. The Silver mining slaves worked in conditions that would have them underground with poor ventilation, almost complete darkness, and natural disasters. They lived longer than Sugar Slaves, and most of the time could buy their freedom. The Columbian Exchange expanded the Atlantic Slave trade, which killed too

Beginning in the 16th century, the Atlantic world had a profound effect throughout the world bringing unimaginable wealth to countries who took risks seeking for reward. England being a large competitor had made its mark through the establishment of colonies on the east coast of the North America and the West Indies, these colonies served as military outposts and more importantly means of extracting raw materials from untouched lands. These colonies did not come easily they faced massive obstacles unknown to the English, disease, drought, and harsh winters. By the middle of the 18th century the Chesapeake colony (Virginia and Maryland) matured into a venture of unheard of profits.

As the Europeans set up colonies in America, they brought the plantation ideas with them, which led to the need for labor hence they tried to enslave the Native Americans to work in their mines and fields. The Native Americans were prone to diseases hence most of them died as a result of diseases and overworking. Apart from the ones who died, a number rebelled and formed alliances forcing the Europeans to look for other sources of labor. They started to acquire African slaves due to a number of reasons: The African slaves were more stronger and immune to a number of diseases in Europe and America; the Africans had no friends and family in America hence it was not easy for them to form alliances or to escape; they provided a permanent and a cheap source of labor; and most of them had worked on farms before in their

Slavery developed in the Americas because of exploration and need or labor. Europeans captured Africans and transported them across the deadly Middle Passage, to the Americas, where they would be forced to poor under harsh conditions. Slavery had many lasting effects. Africa was depopulated, and Africans in America lost their cultures and identity while Europeans made money from the resources being exported in the Americas at the expense of Africans’ lives and culture.

Mercantilism Mercantilism is the economic theory that a nation's prosperity depends on its supply of gold and silver; that the total volume of trade is unchangeable. This theory suggests that the government should play an active role in the economy by encouraging exports and discouraging imports, especially through the use of tariffs. Spain and England used the mercantile system to benefit the mother countries. The mercantile system had special regulations, which usually extracted some sort of reaction from the colonies. If necessary, the policies would be changed to better suit the mother country.

The slave trade was the largest contributor to the British economy during the 18th century. Tomas Butler stated “The profits from the slave trade were part of the bedrock of our country's industrial development. Many people and institutions in every part of the country were complicit in the trans-Atlantic slave trade.” In the early Americas, Britain supplied a vast majority of the slaves to the new world to be sold to the highest bidder. During the slave trade British ships made over ten thousand voyages and enslaved approximately 3.4 billion Africans. Some of these ships would make a profit of twenty to fifty percent. Back in England the king and the ship owners were not the only people benefiting from the slave trade. Everyone from the factory owners to the factory workers were benefited as an effect of the slave trade. The upper-class citizens were definitely making the big dollars. These people included the owners of the slave ships, the factory owners, who were able to produce and sell the products that the Africans and Americans needed and wanted, bankers who made money from the interest they earned on loans from people who borrowed money for the long voyage, and